No you can't. Even at the raised prices. And if your argument includes used prices don't forget you can buy used consoles too.

Sure you can. Remember, we're not buying a normal gaming PC, just one that's better than a console.

I know. But iGPUs aren't there yet, and once you add a discrete GPU it becomes a lot more expensive. You can get a PS5 digital at GameStop for $400 new right now. A decent similar GPU like a Arc 580 or Radeon RX 7600 or 6600 is going to be $200-$300 new, leaving you $200 for a case, CPU, RAM and power supply.